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How to fund the Green new deal. Europe’s DiEM25 Solution. The speaker is Yanis Varoufakis, a progressive economist who used to teach in the USA and was finance minister for Greece for 2 years during negotiations that led to the disastrous austerity programme which he opposed so resigned.

ToolGuy 9 Mar 7
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Yes, let's get advice from the finance minister of the most bankrupt nation on the planet.

Let's find out what the finance ministers of Cuba, Zimbabwe, and Venezuela have to say too.

I'm sure they have some fantastic advice.

BD66 Level 8 Mar 7, 2019

@ToolGuy

Clearly you have a non-progressive view - Correct

and have not paid attention to the politics nor the history of Greece’s difficulties. - Incorrect. Greece is such a basket case that that tiny little country is dragging down the rest of the Eurozone. Fiscally responsible countries like Germany have been forced to subsidize Greece for 2 decades in order to keep the Eurozone intact. Every time they have another debt crisis, I'm forced to monitor closely what's going on in their Parliament in order to prevent my investors from losing tons of money very quickly. I immediately recognized the name "Yanis Varoufakis" and my first reaction was "You've got to be kidding me, somebody is getting advice from him???"

It sounds like you did not watch the video or listen to his points. -Correct

@ToolGuy OK. I watched it. Here are the notes I took:

Economists predicted all this before the Eurozone was created, and it has come to pass.

The Eurozone is/was a disaster.

Countries like Germany can't grow their economies because they are forced to subsidize the Greeks.

The Greeks can't devalue their currency and make Greek labor competitive, so they are all unemployed.

This guy is blaming it on capitalism.

I don't invest any client money in the Eurozone, and everything he has said so far confirms I have made the right decision.

$2,500,000,000,000 Euros invested in non-competitive green technologies. That would be a nightmare for Europeans if he gets what he wants.

QE, further devaluing the Euro. Printing money and wasting it on green energy. If green energy technologies were financially competitive, they would be used. They have to be mandated or subsidized right now, so this would lower the standard of living for everyone in the Eurozone.

$91,000,0000,000 in anti-poverty spending, just more transfer of wealth from the wealthy countries like Germany to the poorer countries of Spain, Portugal, and Greece.

Public debt idea -He wants to stop paying interest on government obligations. That's insanity. Nobody would ever buy a bond from a Eurozone country again.

Brexit is up to the British. Given what's going on in the Eurozone, and insanity like what this guy is proposing, I don't blame the British one bit for trying to distance themselves from Europe.

@ToolGuy Economic growth does not necessarily mean consumption of more resources. There's a good section on that in Stephen Pinker's book "Enlightenment Now", and I highly recommend it.

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Love him

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